China National Aviation Fuel / 中国航油

China National Aviation Fuel appears in 商业小样46 | 买机票时，为什么总要多交两笔钱？ as the aviation-fuel distributor whose regulated distribution spread is one input in China’s domestic [[AviationFuelSurcharge|aviation fuel surcharge]] formula. The episode uses this detail to show that the surcharge is built from a chain of fuel-market, currency, distribution, and airline-efficiency variables rather than from crude-oil headlines alone.

The entity matters because it sits between global jet-fuel pricing and domestic airline cost recovery. Its named spread helps translate [[CommodityPriceExposure|commodity price exposure]] into the passenger-facing surcharge system.

Connections

• Aviation Fuel Surcharge / 航空燃油附加费 - formula in which the distribution spread appears.
• Aviation Fuel Cost Pass-Through - airline cost-recovery boundary affected by formula inputs.
• Civil Aviation Administration of China / 中国民航总局 and National Development and Reform Commission / 国家发改委 - regulators connected to surcharge caps.
• China - domestic aviation-energy setting.